Zomato has raised funds in a investment round at the valuation of $3.9 billion and is also in process of closing a secondary transaction. It has plans to go public in near future.
Private Equity & IPO
Private Equity and Venture Capital Advisory and advisory on Initial public offers(IPOs) for Corporates, entrepreneurs and investors.
Hyderabad based Gland Pharma Ltd. is an injectable-focused company. The issue price of the it’s IPO was kept Rs. 1490 to Rs. 1500 per share at P/E of around 30.
Equitas Small Finance Bank is a small finance bank founded in 2007. The Bank’s IPO was at issue price of Rs.33 at P/E ratio of around 13.5.
Reliance Retail Ventures Limited completes fund raise Rs. 47,265 Crore for 10.09% stake in the company.
Biocon Ltd. announced that the Board of its subsidiary Biocon Biologics Ltd has approved a Rs.1,125 Crore fund raise from Goldman Sachs. Goldman Sachs will be issued Optionally Convertible Debentures at a post money equity valuation of USD 3.94 Billion.
Short case study of Lakshmi Vilas Bank (LVB) as RBI merges it with DBS Bank. LVB faced increasing NPAs after its focus changed from retail book to corporate book. As LVB’s fund raising and M&A attempts failed, the bank was merged to protect depositors.
Read about the PE deal of Razorpay raising funds to enter unicorn club. Also read about M&A deal of Infosys acquiring Blue Acorn as well as Flipkart buying stake in Aditya Birla.
Read about the education startups Byju’s and Unacademy raising funds and M&A deal of Reliance Retail acquiring business from Future Group
I was invited by the ACAE Kolkata to write about changing dynamics of Indian Capital Markets. The article is about brief understanding of Indian capital markets, recent developments and the way forward.
Happy Diwali everyone. In this update read about expectations of revival of the Indian economy and green shoots, fund raising by education startups Byju’s & Unacademy and Reliance Retail’s acquisitions.